(18 September 2020)GBP/USD Key resistance at 1.2995.

Pivot
 (invalidation): 1.2995
Our preference
Short positions below 1.2995 with targets at 1.2920 & 1.2890 in extension.
Alternative scenario
Above 1.2995 look for further upside with 1.3035 & 1.3065 as targets.
Comment
As Long as the resistance at 1.2995 is not surpassed, the risk of the break below 1.2920
remains high.

(By Swissquote TRADING CENTRAL)